CG

Carmignac Gestion Portfolio holdings

AUM $7.71B Turnover 49.25%
1-Year Est. Return 4.02%
This Fund
S&P 500
This Quarter Est. Return
+6.65%
1 Year Est. Return
+4.02%
3 Year Est. Return
+85.13%
5 Year Est. Return
+112.24%
10 Year Est. Return
+570.29%
AUM
$8.62B
AUM Growth
-$99M
Cap. Flow
-$629M
Cap. Flow %
-7.29%
Top 10 Hldgs %
46.21%
Holding
156
New
21
Increased
54
Reduced
41
Closed
25
Avg Time Held Equity + Options
1.5 years
Top 10 Avg Time Held Equity + Options
1.7 years
Top 20 Avg Time Held Equity + Options
1.5 years
Avg Time Held Equity only
1.6 years
Top 10 Avg Time Held Equity only
1.7 years
Top 20 Avg Time Held Equity only
1.5 years

Top Buys

Rank Stock Value
1
AMD icon
Advanced Micro Devices
AMD
+$182M
2
CRM icon
Salesforce
CRM
+$158M
3
V icon
Visa
V
+$138M
4
EDU icon
New Oriental
EDU
+$120M
5
NOW icon
ServiceNow
NOW
+$117M

Top Sells

Rank Stock Value
1
FISV icon
Fiserv Inc
FISV
+$256M
2
COF icon
Capital One
COF
+$147M
3
STZ icon
Constellation Brands
STZ
+$131M
4
BXMT icon
Blackstone Mortgage Trust
BXMT
+$124M
5
BKNG icon
Booking.com
BKNG
+$114M

Sector Composition

Rank Sector Weight
1 Technology 29.03%
2 Consumer Discretionary 21.79%
3 Communication Services 21.23%
4 Healthcare 12.91%
5 Financials 8.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
META icon
1
Meta Platforms (Facebook)
META
$1.88T
$653M 7.57%
1,878,568
+21,431
+1% +$6.88M
2013 Q4
30 quarters
JD icon
2
JD.com
JD
$35.9B
$581M 6.74%
7,282,631
-289,275
-4% -$21.8M
2018 Q3
11 quarters
MSFT icon
3
Microsoft
MSFT
$3.96T
$430M 4.99%
1,587,480
-86,715
-5% -$22M
2019 Q1
9 quarters
CRM icon
4
Salesforce
CRM
$194B
$426M 4.94%
1,743,761
+687,452
+65% +$158M
2019 Q3
7 quarters
AMZN icon
5
Amazon
AMZN
$2.73T
$404M 4.68%
2,346,380
+472,240
+25% +$78.5M
2019 Q4
6 quarters
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$4.24T
$313M 3.63%
2,561,600
-665,720
-21% -$77.8M
2018 Q3
11 quarters
TMUS icon
7
T-Mobile US
TMUS
$169B
$304M 3.52%
2,096,980
+21,300
+1% +$2.94M
2020 Q1
5 quarters
ELV icon
8
Elevance Health
ELV
$92.3B
$303M 3.51%
793,720
-126,914
-14% -$48.5M
2018 Q3
11 quarters
FIS icon
9
Fidelity National Information Services
FIS
$18.1B
$296M 3.43%
2,088,514
+15,457
+0.7% +$2.3M
2019 Q3
7 quarters
UBER icon
10
Uber
UBER
$141B
$276M 3.2%
5,513,405
+1,571,445
+40% +$82.1M
2020 Q2
4 quarters
COF icon
11
Capital One
COF
$119B
$256M 2.97%
1,657,323
-973,048
-37% -$147M
2020 Q4
2 quarters
NFLX icon
12
Netflix
NFLX
$293B
$217M 2.51%
4,104,120
+598,860
+17% +$30.6M
2020 Q2
4 quarters
AMD icon
13
Advanced Micro Devices
AMD
$930B
$211M 2.45%
+2,246,932
New +$182M
2021 Q2
0 quarters
ICE icon
14
Intercontinental Exchange
ICE
$87.3B
$202M 2.34%
1,703,230
+260,046
+18% +$29.9M
2013 Q2
32 quarters
MELI icon
15
Mercado Libre
MELI
$92.6B
$186M 2.16%
119,433
+10,639
+10% +$15.6M
2014 Q4
26 quarters
GDS icon
16
GDS Holdings
GDS
$5.11B
$185M 2.14%
2,354,847
+2,113
+0.1% +$164K
2020 Q1
5 quarters
UNH icon
17
UnitedHealth
UNH
$353B
$174M 2.02%
434,200
-63,010
-13% -$25.1M
2020 Q4
2 quarters
KC icon
18
Kingsoft Cloud Holdings
KC
$2.59B
$156M 1.8%
4,583,329
-347,031
-7% -$13.9M
2020 Q2
4 quarters
V icon
19
Visa
V
$734B
$141M 1.63%
+602,628
New +$138M
2021 Q2
0 quarters
MA icon
20
Mastercard
MA
$528B
$139M 1.61%
380,408
-198
-0.1% -$73.6K
2014 Q4
26 quarters
COST icon
21
Costco
COST
$433B
$131M 1.52%
331,164
-58,204
-15% -$22M
2018 Q1
13 quarters
SYK icon
22
Stryker
SYK
$108B
$131M 1.51%
502,593
+7,341
+1% +$1.88M
2019 Q2
8 quarters
NOW icon
23
ServiceNow
NOW
$145B
$126M 1.47%
+1,150,205
New +$117M
2021 Q2
0 quarters
LULU icon
24
lululemon athletica
LULU
$10.8B
$121M 1.41%
332,839
-177,866
-35% -$58.6M
2020 Q3
3 quarters
ULTA icon
25
Ulta Beauty
ULTA
$25.1B
$115M 1.33%
332,094
-121,689
-27% -$39.9M
2021 Q1
1 quarter
1
2 3 4 5

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XT
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NAMA
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AAB
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SIAU
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Carmignac Gestion's Q2 2021 Portfolio in Review

As of Q2 2021, Carmignac Gestion held 156 positions worth $8.62B, down 1.1% from $8.72B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Carmignac Gestion withdrew a net $629M in Q2 2021, closing 25 positions and reducing 41 holdings. Its most notable exit was Fiserv Inc, an estimated $256M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Carmignac Gestion opened a new position in Advanced Micro Devices worth $211M.

  • Carmignac Gestion's largest Q2 2021 buy was Advanced Micro Devices: 2,246,932 shares worth $211M.
  • Carmignac Gestion added most to Salesforce in Q2 2021, an estimated $158M increase.
  • Carmignac Gestion's biggest Q2 2021 reduction was Capital One, cutting an estimated $147M.
  • Carmignac Gestion fully exited Fiserv Inc in Q2 2021, selling an estimated $256M.
  • Carmignac Gestion's ten largest holdings make up 46% of its $8.62B portfolio in Q2 2021.
  • Carmignac Gestion opened 21 new positions and closed 25 in Q2 2021.
  • Carmignac Gestion's portfolio value fell 1.1% quarter-over-quarter to $8.62B.

Based on Carmignac Gestion's 13F filing for Q2 2021, filed 13 Aug 2021.